Economy

Shares of Murphy Oil Corporation (MUR) Slip 0.04% Lower

Shares of Murphy Oil Corporation (MUR) Slip 0.04% Lower

Murphy Oil Corporation most recently reported earnings per share (EPS) of -$0.03 for the September 2017 versus -$0.18 in the same quarter past year, representing -83% growth. For the next financial year, analysts expect that the business will report sales of $2.40 billion per share, with estimates ranging from $2.15 billion to $2.88 billion.

Analysts await Murphy Oil Corporation (NYSE:MUR) to report earnings on January, 24.

Murphy Oil Corporation has a beta of 1.6, offering the possibility of a higher rate of return, but also posing more risk. The firm had revenue of $498.31 million for the quarter, compared to the consensus estimate of $460.17 million.

In related news, Director Robert Madison Murphy sold 6,325 shares of the company's stock in a transaction dated Monday, November 6th. For the past 5 years, the company's revenue has grown -1.3%, while the company's earnings per share has grown 91.6%.

MUR has been the topic of several research reports. The share price was last seen -0.6% lower, reaching at $27.95 on 11/30/2017. Zacks Investment Research cut Murphy Oil Corporation from a "buy" rating to a "hold" rating in a research report on Monday, October 30th. Morgan Stanley lifted their price target on shares of Murphy Oil from $23.00 to $26.00 and gave the stock an "underweight" rating in a research note on Wednesday, October 18th. 17,378 were reported by Van Eck Assoc Corporation.

The stock of Murphy Oil Corporation (NYSE:MUR) is a huge mover today!

In the most updated research from a number of analysts on Wall Street, the company gets 2 Buys and 3 Sell among 15 analysts.

More news: Gov. Ivey to light Capitol Christmas tree Friday

X is now undervalued by -6.71% relative to the average 1-year price target of $31.00 taken from a group of Wall Street Analysts.

At the session level, shares of Murphy Oil Corporation (NYSE:MUR) moved -0.96% from the open. 4,388,966 shares of the company traded hands, compared to its average volume of 2,922,642. Parametric Portfolio Limited Company invested in 1.15M shares or 0.04% of the stock. Murphy Oil Corporation has a 52 week low of $22.21 and a 52 week high of $35.19.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. This represents a $1.00 dividend on an annualized basis and a yield of 3.56%. The firm was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.

Institutions own 98.03% of Murphy Oil Corporation (MUR)'s shares. In order to determine directional movement, the 50-day and 200-day moving averages for Illumina, Inc. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Several other hedge funds also recently modified their holdings of the stock. Murphy Oil Corporation (NYSE:MUR) has declined 8.71% since December 1, 2016 and is downtrending. Pub Employees Retirement Of Ohio owns 72,677 shares. The portion of a company's profit allocated to each outstanding share of common stock was $11.01 a share in the trailing twelve months. The Pennsylvania-based Pnc Financial Grp Inc Inc has invested 0% in Murphy Oil Corporation (NYSE:MUR). Ameritas Investment Partners Inc. now owns 48,415 shares of the oil and gas producer's stock worth $1,097,000 after acquiring an additional 44,546 shares during the last quarter. Murphy Oil's dividend payout ratio is -192.31%. Lsv Asset accumulated 1.13 million shares. Shelton Capital Management bought a new position in shares of Murphy Oil in the third quarter worth about $251,000. During the same period in the prior year, the company posted ($0.18) earnings per share.

TRADEMARK VIOLATION NOTICE: "Analysts Anticipate Murphy Oil Corporation (MUR) Will Post Quarterly Sales of $567.00 Million" was originally posted by Week Herald and is the sole property of of Week Herald. If you are reading this article on another site, it was illegally stolen and republished in violation of worldwide copyright & trademark law. The Company's exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world.


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